Articles published 11/2012
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In big surprise, Fidelity and Schwab rake in charitable assets -- early, often and unremittingly in 2012
November 30, 2012 at 5:05 AMSome alchemy of tax-hike fears and consumer confidence has warmed the Grinches' hearts
Will FINRA knock out the 'serial movers' and boost the RIA option in the bargain?
November 30, 2012 at 4:58 AMA rule looked at for decades may finally gain traction
NFL Players Association raises the bar for financial advisors as more RIAs suit up to tackle the bottom lines of underserved sports stars
November 29, 2012 at 6:21 AMAttention advisors hoping to become -- or remain -- NFLPA-certified: You need to get your bona fides in by this Friday
United Capital's Joe Duran throttles back on deals as he opens an RIA version of Hamburger University
November 28, 2012 at 4:44 AMStephanie Bogan will lead the training center that aims to create corporate 'mini-me's' around the country
Krawcheck reveals: What I learned when I got fired (the first time)
November 28, 2012 at 4:04 AMThe veteran of more than one bum's rush tells what really sealed her fate at Smith Barney
Looking more like Windhaven after a revamp, Wealthfront names a noted academic CIO and boosts its assets 15-fold
November 27, 2012 at 6:45 AMAndy Rachleff's new strategy omits RIAs-as-managers in favor of a centralized ETF-manager approach with Burton Malkiel calling the big shots
Obama makes 'really unfortunate' appointment of Elisse Walter as new SEC chairman
November 26, 2012 at 9:33 PMThe former FINRA, CFTC and SEC exec will replace Mary Schapiro next month as RIA leaders brace for a new round of regulatory battles
Addepar hits $50 billion of assets and turns its eyes to Advent-Black Diamond's plump RIA market
November 26, 2012 at 5:42 PMWith close to $12 million in revenue, a hotshot tech startup is looking to move into second phase of development: Attracting RIAs despite naysayers
Joel Bruckenstein and Bob Veres part ways to do their own conferences
November 26, 2012 at 5:41 PMVeres sees a glut of conferences but has a passion to change that with a new-concept event
The top 10 deepest fears -- and highest hopes -- of RIA practitioners
November 26, 2012 at 5:34 PMA decade of flatlining investment results has advisors worried about clients' faith in the very fabric of the markets
Merrill Lynch makes bold moves to train new recruits for an RIA-centric future
November 21, 2012 at 4:35 PMThe rethought training program suits up new advisors -- many of them career changers -- for independence as well as for the wirehouse path
Advisors need to deliver a reality check to clients about 2013 tax changes barreling down the pike
November 21, 2012 at 6:24 AMThe changes , especially for the wealthy, are many but so are the ways to react
An advertiser's-eye view of Schwab IMPACT: Who's doing what right?
November 20, 2012 at 4:12 PMSponsors that use an outgoing approach get tremendous client inflow
One Santa Fe woman's female-centric approach to advice is attracting clients to her iconoclastic RIA
November 20, 2012 at 4:46 AMManisha Thakor was drafted into her venture by three wealthy women who liked none of the existing alternatives
Which type of AUM is worth more to a buyer?
November 19, 2012 at 5:14 AMAssets farmed out to money managers are generally more valuable than purely discretionary assets under management
Schwab is set to connect RIAs outside its referral network to HNW investors through its 'Got-milk'-style campaign
November 19, 2012 at 5:12 AMRIA Stands for You will use things like digital New Yorker ads, messaging and candid videos with RIAs is funneling down to phone calls from virgin prospects
Schwab names a $1.1 billion RIA in Iowa as 'best,' but the story behind the Zero Alpha firm's growth is better
November 16, 2012 at 4:27 AMFoster Group mined one of the few reliably wealthy groups in the corn belt -- doctors -- and uses unconventional employee benefits like European-length vacations
The 2012 Schwab IMPACT conference comes off with a theatrical flair
November 15, 2012 at 8:49 PMBernie Clark all but donned top hat and tails for a dramatic presentation of upcoming initiatives, and a last-minute celeb subbed for a famed basketball coach
Schwab is creating an RIA MBA-equivalent to grease the skids of internal succession -- and internships to build an RIA worker-bee talent grab pile
November 15, 2012 at 5:34 AMOne area of weakness for RIAs is finding the resources, time and expertise to train people, and Schwab is addressing the need
Why Chuck Schwab is fine with boosted taxes -- and even Dodd Frank -- and believes RIAs should be, too
November 15, 2012 at 4:59 AMSchwab's chairman also gives an interesting window into his view of alternative investments
Liz Ann Sonders: Markets may have to tank before lawmakers step back from the fiscal cliff
November 14, 2012 at 5:24 PMSpeaking at IMPACT, Schwab's chief strategist also weighs in on the net effect of long-term low interest rates and the looming cliff after the looming cliff: The debt ceiling
LPL adds a $1-billion firm with a family-office mindset and CPA rep base to its growing list of OSJs
November 14, 2012 at 5:24 PMLevel Four Group is leaving Lincoln Financial Securities with a view toward growth
Schwab bids to become the 'Zagat' of RIA technology and to nix ink signatures from RIA life
November 14, 2012 at 5:23 PMNeesha Hathi presents the dueling intiatives as next steps in her custodian's march toward serving 7,000 advisory firms
Buckingham Asset Management creates a structure with Focus Financial that enables it to roll-up the 120 RIAs that entrust it with $13 billion of DFA TAMP assets
November 13, 2012 at 7:07 AMWith this co-creation of a de facto ISO-9000 for succession plans, smaller RIAs may have more options and metrics on the back end
A roll-up exec talks about owning a roll-up and calls out his fellow entrepreneurs to focus on genuine distinctions
November 13, 2012 at 4:32 AMThere are private-equity backed consolidators and RIA aggregators, and subspecies of each of those, but we can call them all roll-ups
Schwab hits the nine-franchise mark as it seeks one new, first-rate chief to head it up
November 12, 2012 at 9:46 PMNew franchises are hitting asset goals and five more franchises are in the hopper for launch
NAPFA's Ellen Turf hands in her resignation -- in part on the advice of her financial planner
November 12, 2012 at 9:45 PMOn the heels of the l'affaire Rhoades the nonprofit mounts a search to replace its longtime leader when she steps down next year
Sallie Krawcheck clues in green advisors about choosing that all-important first gig
November 12, 2012 at 5:55 PMAvoid jobs that lack training programs, mentors, a planning bent and a long-term horizon, the former Merrill brokerage chief counsels fresh-to-market hopefuls
Column: Advisors should be 'heroically available' during a crisis
November 12, 2012 at 7:23 AMAvoid the temptation to fall into efficient-fixer mode; let'em see you sweat -- but not tremble.
Fiscal Cliff is ready for his close-up -- whether we are or not
November 12, 2012 at 7:17 AMThe end is nigh! Or not. Either way, here's how to prepare your clients to traverse that uncharted country beyond Jan. 1
MoneyGuidePro back on a roll after the "blip" of being sued by Wealthcare, PIEtech's CEO says as settlement is signed
November 9, 2012 at 5:56 PMDavid Loeper says he's "extraordinarily pleased" but Bob Curtis echoes that sentiment and says his company's work with UBS is stronger than ever
Former U.S. Trust CEO leads his RIA to the $4.5 billion mark -- and gains a Left Coast presence -- acquiring $645 million Mt. Eden
November 9, 2012 at 3:17 AMEvercore Wealth Management is buying a firm that was on the prowl to gain scale through a purchase, then went the other way
First Republic pays a staggering sum for Luminous Capital, sources say, and shifts the breakaway and M&A games in the bargain
November 8, 2012 at 4:53 AMRecruiters are getting renewed interest from big wirehouse teams and the $125 million deal shows that breakaway brokers can realize big enterprise value in short order
How the Luminous deal is rocking the recruiting world -- and may set the stage for more fireworks
November 8, 2012 at 4:39 AMThe former Merrill stars effected an outsized cash deal with First Republic, proving that independence can have monetary rewards to match the psychic ones
$1.2 billion RIA breaks it off with LPL as new beaux Fidelity and Pershing vie ardently for favor
November 7, 2012 at 7:40 AMSeeking support for its superrich clients, Waldron Wealth lets the big IBD down easy, retaining its subsidiary, Fortigent
Braving setbacks, FinFolio wins a $1.6 billion RIA and dark-horses its way on to the software track
November 6, 2012 at 5:56 PMIndex Fund Advisors carefully vetted Tamarac, Orion and Black Diamond for a year but gambled on the newer, smaller vendor -- with the veteran quarterback, Matt Abar
Schwab gins up trading in foreign currencies but not for RIAs
November 6, 2012 at 4:17 AMThe San Francisco-based broker now has trading in local currencies at 12 foreign equity markets but advisors cite higher priorities elsewhere
A $5.5 billion LA-based RIA is getting purchased by First Republic Bank
November 5, 2012 at 7:04 AMLuminous Capital has gone from a 2008 Merrill Lynch breakaway to a big bank puzzle piece in 2012
CFP Board shoots down Goldfarb's description of his alleged violation
November 5, 2012 at 4:58 AMThe former chairman claims he's being hanged on a semantic technicality, but CEO Kevin Keller repudiates the claim
Seeing mobile devices win niches in immobile offices, Schwab brings its RIA data to an iPad app
November 5, 2012 at 4:56 AMThe notion of a boardroom in every Starbucks is out -- now the mobility of mobile devices is just a walk down the hall
LPL reaches hard-won agreement to rein in bonuses to big advisors that had proved to be overly generous
November 2, 2012 at 4:54 AMOSJs were riding high on incentive systems designed more for solo practices
Sallie Krawcheck talks tough -- and with disarming openness -- online about the glass ceiling and lip gloss
November 2, 2012 at 4:30 AMWith 45,517 followers on LinkedIn alone the ex-wirehouse exec is using a first-person voice to reinvent herself and expand her sphere of influence, observers say
$10-billion Philly-area RIA dips a toe in Bay Area waters causing ripples among local firms
November 1, 2012 at 6:09 PMMoving into San Francisco almost on the QT, AMG-owned Veritable confirms its first national foray -- but declines to disclose its address
BondDesk Group chairman takes on CEO role and shifts focus to wealth management and capital markets
November 1, 2012 at 6:00 PMThe reshuffle, which brings aboard an ex-MSSB vice chairman, is no prelude to a sale new chief Howard Edelstein insists
